UDC reports another excellent quarter, raises 2017 guidance

Nov 03, 2017

Universal Display reported its financial results for Q3 2017. Revenues in the quarter reached $61.7 million, up 104% from Q3 2016 ($30.2 million) driven by strong material sales and also increased royalty and license fees. Net income in the quarter was $13.5 million (up $15 million from a $1.5 million loss in Q2 2016).

UDC emitter and host materials photo

UDC's material sales increased 100% from Q2 2016 to reach $12 million, while royalties and license fees increased 131% to reach $12 million. UDC increased its revenue guidance for the full year 2017 to $310 million to $320 million. Revenues in the first nine months were $219.8 million.

Updates from the TADF symposium: Cynora's latest blue, SDC and LGD hopeful on TADF

Sep 17, 2017

A few days ago, Cynora hosted the 2017 International TADF Symposium in Frankfurt, Germany. Cynora reports that about 150 attendees from all over the world listened to experts from the industry and academia and were updated on the latest news regarding TADF OLED emitters.

TADF Symposium photo 2017

Cynora itself showed an update on its latest blue emitter. The company now has material that features a CIEy of 0.18 (target - 0.1), EQE of 14% (target 15%) and a lifetime of 10 hours LT97 at 700 nits (target is over 100 hours). Cynora says that development is progressing well and it is confident it will reach its target material performance by the end of the year.

Flexbile OLEDs Market Report

Cynora announces its Series-B funding round, raises €25 million from Samsung and LG

Sep 14, 2017

Cynora announced that it finalized its Series-B funding round. Both Samsung (via Samsung Ventures) and LG Display participated in this round which totaled €25 million. Both LGD and samsung will also establish separate joint development efforts to assist in advancing Cynora's R&D.

Cynora did not disclose how much did each company invest, although earlier reports suggested that LG invested €15 million while Samsung invested €10 million.

UDC reports excellent Q2 2017 results, progresses on blue

Aug 04, 2017

Universal Display reported excellent financial results for Q2 2017. Revenues increased 59% (compared to Q2 2016) to $102.5 million, with material sales increasing 110% to $46.8 million. Net income increased $25.4 million to $47.2 million.

UDC PHOLED materials photo (2017)

UDC has $380 million in cash and equivalents, and is on the lookout for opportunities to use this money. UDC also increased its guidance for 2017 to be in the range of $285 million to $300 million.

Cynora edges closer to a 460nm deep-blue TADF emitter

Aug 01, 2017

In May 2017 Cynora announced a new blue TADF emitters that achieves a 15% EQE at 1000 nits with an emission peak of 470 nm and a LT97 of > 90 hours (at 700 nits) on a device level. Cynora has stated several times that it aims to commercialize its first highly efficient blue TADF emitter by the end of this year.

According to Cynora, the performance requested from customers is an EQE (at 1000) of over 15%, a lifetime (LT97 at 700 nits) of over 100 hours and a wavelength of 460 nm (color purity FWHM 60 nm).

National Tsing-Hua University demonstrate its latest candlelight blue light free OLEDs

Jul 24, 2017

In 2015, Taiwan's PMOLED maker WiseChip Semiconductors licensed National Tsing-Hua University's blue-light free OLED lighting technology (called Candlelight OLEDs), with an aim to mass produce these OLEDs by the end of 2017.

National Tsing-Hua University demonstrated the latest panel at SID DisplayWeek a few weeks ago, as can be seen in the video above.

LG aims to adopt a blue TADF emitter in its 2018 OLED TV stack

Jul 06, 2017

Korean news site DDaily posted an interesting article that states that LG Display is looking to replace the fluorescent OLED emitter used in its OLED TVs with a blue TADF emitter.

LG OLEDC7 photo

Following the introduction into LG's OLED TV production process, LG hopes to also use TADF materials in its small and medium OLED production. The report is a bit confusing, but it seems that LGD also aims to use its WOLED display in small and medium display formats - even for VR applications.

Idemitsu Kosan and BOE Display sign a strategic alliance to develop OLED materials and displays

May 25, 2017

Idemitsu Kosan and BOE Display agreed to form a strategic alliance with an aim to develop high-performance OLED materials and displays. Specifically, Idemitsu intends to develop and supply OLED materials in accordance with BOE's needs, as BOE is starting to mass producing OLED displays in several fabs in across China.

Flexible AMOLED prototype (BOE, Chengdu fab)

Idemitsu Kosan is in the process of expanding its OLED material production at its Korean subsidiary Idemitsu Electronic Materials Korea, and the company also recently established a new OLED materials development company in Switzerland. Idemitsu is supplying its OLED materials to both LG Display and Samsung Display and is apparently enjoying an increased demand and is looking to start selling its materials to BOE DIsplay as well. We recently posted aninterview with Idemitsu's electronics materials chief.

Cynora announces its latest blue TADF OLED emitter performance

May 22, 2017

Germany-based blue-TADF OLED emitter developer Cynora announced that it achieved a new performance record with its latest blue emitter material - which the company believes is the best overall performance of a high-efficiency blue emitter ever.

Cynora's new blue achieves a 15% EQE at 1000 cd/m² with an emission peak at < 470 nm and a LT97 of > 90 hours (at 700 cd/m²) on a device level. Cynora says that it is very confident that it can commercialize its first highly efficient blue emitter by the end of this year, as planned.

Universal Display reports an excellent Q1 2017, raises guidance for 2017

May 05, 2017

Universal Display announced its financial results for Q1 2017. The company reported an excellent quarter, with revenues of $55.6 million (up 87% from Q1 2016) and net income of $10.4 million (up from $1.9 million in Q1 2016). Material sales were $46.6 million, up 92% over Q1 2016.

UDC emitter and host materials photo

Universal Display believes that the OLED industry is poised to grow faster than earlier expectations in 2017, and the company raised its 2017 guidance to at least $260 million to $280 million - reflecting a year over year growth of 30% to 40%.